Last week, Shiba Inu (#SHIB، ) price hinted at a movement towards the 0.000020 USD mark. However, over the past few days, this rally didn't happen, and the #Memecoins🤑🤑 value now sits at 0.000016 USD.

This drop has fallen short of broader market expectations and may have prompted traders to reconsider their strategies. Despite the decline, it appears that SHIB bulls are pushing for a rebound, laying the groundwork for a potential rise towards previous targets.
Shiba Inu Shorts Are Down, but It's Not Over Yet
The $SHIB price has decreased by 6.75% over the past seven days. However, at the time of writing, the #BULLS and Bears indicator shows that Shiba Inu bulls still have the upper hand.
In this context, bulls represent addresses that have bought more than 1% of the total trade volume during a given period, while bears are those that have sold. When the volume traded by bears is higher than that of the bulls, the price is likely to drop.
On the contrary, a higher volume purchased by bulls indicates a likely price increase. For SHIB, it's the latter. If the bulls maintain this momentum in the coming days, SHIB’s price could start moving back towards 0.000020 USD.

Supporting Bullish Sentiment
Another indicator supporting this outlook is Shiba Inu’s weighted sentiment. The weighted sentiment uses social volume to measure how investors perceive the cryptocurrency.
When sentiment is negative, most online comments are pessimistic. When this happens, it becomes difficult for a cryptocurrency to see increased demand. On the other hand, positive sentiment signals the opposite and often precedes a price rise.
On October 1st, SHIB’s weighted sentiment dipped into negative territory. However, today, this sentiment has returned to positive levels, suggesting that the token’s price could increase.

SHIB Price Prediction: A Rebound Is Possible
Based on the daily chart, SHIB’s price is approaching the support level at 0.000015 USD. Currently, the selling pressure, as indicated by volume, is not as intense as before. If this remains unchanged, the meme coin could avoid a prolonged downtrend.
Another key level of interest for SHIB is around 0.000018 USD. If the token rebounds from 0.000015 USD and buying pressure increases, SHIB bulls could push the price towards this region.

In highly bullish market conditions, SHIB’s price could rise to 0.000020 USD. However, failure to successfully defend 0.000015 USD could lead to a further price drop. If this happens, Shiba Inu’s value could fall to 0.000013 USD.
#shiba⚡
#memecoin🚀🚀🚀

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

 

#Memecoins🤑🤑 have become a phenomenon in the crypto market, evolving from a humorous concept into a significant investment category. Their popularity has grown to the point where the total market capitalization of memecoins is approaching $50 billion. This article explores the development of these cryptocurrencies and compares traditional memecoins like Dogecoin, Shiba Inu, and FLOKI with newer players such as PEPE, SUNDOG, MEW, and NEIRO.
Memecoins and Their Market Value
The market value of memecoins currently stands at around $50 billion, encompassing both older and newer memecoins. Although all of these cryptocurrencies share a playful character and a focus on community, there are significant differences between them. These differences often relate to their development, utility, and behavior in the market, which may be influenced by their origin and how users have interacted with them over time.
Traditional Memecoins: More Than Just Speculation
Classic memecoins like Dogecoin (#doge⚡ ), Shiba Inu (#shiba⚡ SHIB), and Floki Inu (FLOKI) represent the first generation of memecoins. Dogecoin, often considered the first memecoin ever, has found its place in the real world – businesses have started accepting it as a payment method due to its speed and low transaction costs.
Shiba Inu is also evolving, with its creators working on blockchain products like Shibarium, while FLOKI has entered the metaverse and become a key cryptocurrency in the Valhalla gaming ecosystem. This development shows that traditional memecoins are no longer limited to speculation but are finding practical use and becoming an essential part of the blockchain ecosystem.
New Memecoins: A Wave of Speculation
New memecoins include Pepe (#pepe⚡ ), SUNDOG, MEW, and NEIRO. These #Cryptocurrencies are typical for their speculative nature, often associated with the early stages of memecoin development. For example, PEPE saw a rise of over 1,000% this year, illustrating the volatility typical of newly emerging memecoins.
Although they are relatively new players in the market, it's possible that over time they will find practical applications, similar to their older counterparts, and become more stable elements of the cryptocurrency world.

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

 

As the cryptocurrency market prepares for its next upward cycle, more and more discussions suggest that #Memecoins🤑🤑 could lead the way. These fun and often humorous tokens, which initially started as jokes, have shown significant volatility and high returns during previous market booms. So why could memecoins kickstart the next bull run? Here are five key reasons.
1. Increased Interest from Retail Investors
Memecoins naturally attract retail investors—those who are new to the crypto world or don't have large amounts of capital to invest. They are affordable, fun, and often backed by strong communities. Unlike major cryptocurrencies like Bitcoin or Ethereum, which can seem complex and expensive, memecoins offer an easy entry point into the market.
In previous bull markets, coins like #Dogecoin‬⁩ and #Shibalnu saw explosive gains thanks to the influx of retail investors. With the potential for high returns, low-cost memecoins could once again draw in the masses, sparking new interest from retail investors, which is often a key factor in initiating a bull market.
2. The Influence of Social Media and Memes
The success of memecoins is primarily driven by internet culture, especially on platforms like Twitter (X), Reddit, and TikTok. Memes and online communities play a critical role in spreading awareness and excitement around specific coins.
For example, the rise of Dogecoin ( $DOGE ) was closely linked to viral tweets and posts from influencers like Elon Musk. Memecoins thrive on this kind of attention, and with the increasing influence of social media, they have great potential to quickly gain traction and dominate the market during the next bull cycle.
3. Community-Driven Projects and the Power of Decentralization
One of the major strengths of memecoins is their community-driven nature. Unlike traditional cryptocurrencies, which are often seen as complex, tech-driven investments, memecoins are the result of collective fan efforts, aligning with the decentralized ethos of blockchain technology.
Memecoin communities are highly engaged and loyal. Holders often rally around their chosen token, using humor and creativity to spread the word. As the community grows, so does the demand for the token, which can drive up its price. This interest could spill over into the broader market, fueling a general upward trend.
4. Celebrity Endorsements and Influencer Power
Celebrities and influencers hold significant power in the crypto world. We've already seen how endorsements from personalities like #ElonMusk. can cause memecoins to skyrocket, as was the case with Dogecoin.
As we approach a new potential bull cycle, influencer marketing is likely to play a key role once again. High-profile figures from entertainment, tech, or even sports are likely to back and promote memecoins to their large followings, creating both credibility and excitement around these tokens.
5. The Speculative Nature of the Crypto Market
Cryptocurrencies are highly speculative assets, and memecoins embody this perfectly. Investors in the crypto space are always looking for "the next big thing," and memecoins can offer that sense of discovery. While more stable cryptocurrencies like #bitcoin☀️ and Ethereum ( $ETH ) offer long-term growth, memecoins attract investors with the lure of quick and high returns.
Before the next bull cycle, investors looking for high-risk, high-reward opportunities may flock to memecoins in search of massive gains, potentially driving overall market growth.
Conclusion: How Memecoins Could Ignite the Next Bull Run
While memecoins may have started as a joke, they have proven to be serious contenders in the crypto world. Their affordability, viral nature, strong communities, and speculative appeal make them prime candidates to kick off the next wave of growth in the cryptocurrency market.
With the increasing influence of social media and growing retail interest, memecoins could lead the first wave of investor attention, spark FOMO, and bring capital into the broader crypto ecosystem.

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Large #Memecoins🤑🤑 Bonk ($BONK
) and Dogwifhat ($WIF
) top gainers despite market apathy
While the crypto markets are losing all of the gains triggered by a weekend optimism spike, some large meme cryptocurrencies are outperforming all competitors. By contrast, two meme coin behemoths, $SHIB and DOGE, are in the red today, together with other large caps.
#BONK🔥🔥 , WIF, #popcat : Meme coins in top gainers yesterday
Yesterday, Sept. 30, 2024, amid the five best performing cryptocurrencies, two represent the meme coin segment. Dog-coins Bonk (BONK) and Dogwifhat (WIF) added 7.1% each in the last 24 hours.

Image by CoinGecko
Dogwifhat (WIF), one of Solana's most unusual meme coins, punished bears: over $2.17 million in liquidations were registered by traders shorting WIF in the last 24 hours.
Another large-scale cryptocurrency, Popcat (POPCAT), the only cat-coin in the top 100, increased its market capitalization by 2.4%.
Meanwhile, the rest of cryptocurrencies are down today. The market benchmark lost 3.3%, which is the sharpest drop in recent days. Bitcoin (#BTC☀ ), the largest cryptocurrency, is down by 3.1%, while Ethereum (ETH) lost 2% overnight.
Shiba Inu (SHIB), Dogecoin (DOGE) losing value
At the same time, the largest meme cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), are under fire today. Both are among the worst performers, together with GALA, CORE and XRP.
Shiba Inu (SHIB) lost 6.4% overnight, while Dogecoin (DOGE) bids farewell to 5.4%. Shiba Inu (SHIB) is replaced by synthetic Ether WSTETH as the 14th largest cryptocurrency.
The largest TON-based meme cryptocurrency, Dogs (DOGS), lost 8.1% of its market cap and sees its capitalization dipping below $400 million.
BabyDogeCoin (BABYDOGE) is down 5.1%.
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🪙 I’ve invested in a wide range of memecoins across multiple chains
💥 Potential for 10-100x gains is real!
📈 The memecoin market is pushing higher again
🔥 I believe the next leg higher starts NOW!
Key Reasons:
💡 High volatility = high rewards
🌍 Growing popularity across crypto communities
🚀 The next big trend is here – don't miss it!
💰 Position yourself for massive gains! 💰
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The cryptocurrency market has experienced a significant downturn today, with major coins like Bitcoin $BTC and Ethereum $ETH facing notable declines. This sudden dip has caught investors off guard, prompting questions about the underlying factors driving this market correction.
The Nikkei 225 Effect
A key catalyst for today's crypto market slump can be traced back to the recent decline in Japan's #Nikkei225 index. As concerns about potential interest rate hikes grew following Shigeru Ishiba's electoral victory, the Nikkei index experienced a sharp drop of 4.6%. This market volatility has rippled through the global financial landscape, impacting various asset classes, including cryptocurrencies.
Geopolitical Tensions and Selling Pressure
In addition to the Nikkei's decline, geopolitical tensions have also contributed to the selling pressure in the crypto market. Recent military actions in Israel have created a sense of uncertainty and market unease, leading investors to adopt a more cautious stance. Despite a solid 9% gain in September, Bitcoin has struggled to maintain its price above the $65,000 mark, reflecting the growing bearish sentiment.
Analyst Predictions and Institutional Interest
While the market is currently experiencing a downturn, analysts remain optimistic about its long-term prospects. Popular crypto analysts has suggested that Bitcoin could retrace to around $60,000 before making a significant move towards $78,000. Furthermore, the resurgence of institutional interest, as evidenced by recent inflows into spot Bitcoin ETFs, indicates that there is still a strong appetite for #Cryptocurrencies among large investors.
Altcoin Market Under Pressure
The broader altcoin market has also been impacted by the recent price correction. Ethereum and BNB have both experienced declines, while $XRP has managed to buck the trend with a notable gain. #Memecoins🤑🤑 which saw a surge last week, have now faced a sharp reversal, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading the declines.

Conclusion
The cryptocurrency market is currently facing a period of volatility, driven by factors such as the Nikkei 225 decline, geopolitical tensions, and overall market sentiment. While the short-term outlook may be uncertain, many analysts and investors remain optimistic about the long-term potential of cryptocurrencies. As the market continues to evolve, it will be essential to monitor key indicators and stay informed about emerging trends to make informed investment decisions.
#BTC☀ #BinanceLaunchpoolHMSTR